BOJ Governor Ueda Kazuo (植田和男) said at a press conference following the meeting at which the BOJ decided on an additional rate hike that the policy phase had changed. He explained that underlying inflation was approaching 2% and that the focus going forward should be on stabilizing it at around 2%.
At a press conference following the Monetary Policy Meeting at which the BOJ decided on an additional rate hike, BOJ Governor Ueda Kazuo (植田和男) said that the policy phase had changed.
He pointed out that the underlying inflation rate was roughly approaching 2%, saying that the aim of policy to date had been to raise underlying inflation, whereas the focus now should be on stabilizing it at around 2%.